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Online platforms' data clout may signal 'enduring' competition problems, Australian regulator suggests

By James Panichi ( February 26, 2018, 03:49 GMT | Insight) -- The power of online digital platforms such as Google and Facebook to amass data could point to an “enduring competitive advantage” leading to “highly concentrated” media markets, according to a discussion paper by Australia’s competition watchdog. The Australian Competition & Consumer Commission’s document also suggests the regulator is ready to consider Instagram, Twitter, Snapchat, Apple News and even online retailer Amazon as competitors to traditional media outlets.The power of online digital platforms such as Google and Facebook to amass data could point to an “enduring competitive advantage” leading to “highly concentrated” media markets, according to a discussion paper by Australia’s competition watchdog....

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